Goldman Sachs says pharmaceutical, biotech sectors could see strongest tailwinds, while car industry, tech hardware makers may struggle
2-MIN READ2-MIN ListenJulie ZhangPublished: 9:07am, 24 Jun 2026As China moves towards becoming one of the world’s fastest-ageing economies – a trend causing worry over future productivity and a widening gulf between the country’s working and retired populations – Goldman Sachs said the pharmaceutical and biotechnology sectors could end up the biggest winners from the demographic divide, while carmakers and technology hardware manufacturers may see fiercer headwinds.Hong Kong and mainland China are both expected to enter the top 10 ranking for the world’s most ageing economies, respectively reaching first and eighth by the year 2050, according to a report released by the investment bank on Monday. Hong Kong was ranked 11th and mainland China stood at 26th in 2023.
South Korea, Japan, Poland, Spain, Italy, Germany, Austria and Portugal are also expected to either remain or enter the top 10.
“Healthcare ... will see the strongest demographic demand from ageing,” analysts said in the report.
